Before we think about Passive Income, We should understand the various types of incomes. There are basically three types of Incomes:
First is Active Income, second is Passive Income, and third one is Portfolio Income.
- Active Income is the one which is active all the time wherever you might be working.
- Passive Income is the one which you can earn even when you’re not there. For example, If you are a software or web developer, and you have made an application and If you have uploaded it on the play store, You will continue to get some income, Known as the Passive Income.
- The Portfolio Income is the one which is associated with the share market or the stock market. For example, You bought shares of many companies: and if the company performs well then you will get a piece of the profit or dividend on those shares. That’s how Portfolio Income works.
Here, I am going to tell you the some ways of passive income idea through which you can earn Passive Income:
1. WRITE DOWN AN eBook:
The demand for eBook in today’s modern era is on the rise. To start with, let me tell you what is an eBook. eBook is a book in electronic form. The concept started out in 1990 and in 1992, Sony launched the disc-man for the first time which could easily read books. Over 7 billion dollars of industry today, It is growing fast.
There is no need to say that eBook business is profitable. Anyone can do this business without any investment sitting comfortably even you can earn more money from eBook Business.
If you are interested in earning money online then you can definitely start this business. You can also do part time and full time, In addition to making money, There are many more benefits of an eBook: eBook is an effective tool to divert traffic to your website. If you already have a website or a blog: you can add a link that can fetch targeted users to your website. You can use eBook to divert traffic to your website.
Before writing eBook, You have to pay attention to some of the details:
Finding the right subject: eBook market is a global market, So choose a topic extremely carefully. You can choose a topic in which you have a deep-rooted knowledge. You can also write a series on that particular topic. You should choose a subject that is widely popular.
The work does not end by writing an eBook, You also need to market and promote your book. Here I am going to tell you how to market and promote your eBooks.
The following are the best methods for promotion:
1. Promote And Market Your eBook From Your Website:
If you already own a website then it is one of the best and the most effective way to promote your eBook. Otherwise you can definitely go ahead and choose a domain name. Select the domain name extremely carefully. You also have to pay attention to the SEO of your website.
2. E-mail Marketing:
E-mail marketing is another wonderful way to promote your eBooks. If you already own an email list then you can also launch a bulk email campaign with your eBook link.
3. eBay Selling:
E-Bay is a great platform for selling your eBook. Apart from Amazon, People also search eBooks on eBay. So this option is going to be very beneficial for you.
4. Social Media Marketing:
Nowadays, Sociable Media is an extremely popular platform for connecting different people. If you are already active on social media and many people follow you, then you can achieve great success.
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2. AFFILIATE MARKETING:
This is the best and most effective passive income idea which is growing very rapidly. Therefore, today I am going to teach you the power and usefulness of Affiliate Marketing. I hope you have heard about Affiliate Marketing.
So do you know how to do affiliate marketing. So some of you will say yes and some of you will say no. Do you know that we can make Affiliate Marketing as a source of our life time Income.
So, let us understand what Affiliate Marketing is all about. Affiliate Marketing is a type of Marketing and Advertising for any product is called marketing. Affiliate Marketing is a type of Performance-based Marketing in which a business rewards one or more affiliates for each visitor or customer brought by the Affiliate’s own marketing efforts. The second question is who all can do Affiliate Marketing? the answer is everybody. I hope you have understood the basic ground of Affiliate Marketing.
If you look at the company’s perspective, then every company wants to sell its products, and targets its customers in different ways such as TV, Radio, Newspaper etc. If there is a customer who relies on a website or blog, that the company tries to reach those customers. In this way a You tuber or Blogger becomes Affiliate of Company.
Before we see how we can make money using these programs. Let’s first understand the concept of Affiliate Marketing: The concept of Affiliate Marketing is very simple. For example, Let’s say you became an Affiliate for amazon and you bring a person on their site now that person make purchased from there, You will get a commission. This is how Affiliate Marketing works.
But how to bring a person to amazon, When you sign as an Affiliate, You will get a Affiliate link, You need to promote this link so you get paid when people buys from it. There are many ways to share this link but the best way is by creating a website. This is how it works: If any person visits your site and clicks on your affiliates link , This will take him/her into amazon once he/she buys the product you will get the commission. The best part about this if that person buys some other products you will still get the commission.
3. CREATE AN ONLINE COURSE:
Making online courses is one of the best passive income ideas and people are earning millions of rupees from online courses. Online courses are changing the face of formal Bookish Education and have opened a new plethora of discussions on cultural and Scientific topics. These courses deliver a series of lessons to a Laptop or Mobile App, to be conveniently accessed anytime, anywhere, anyplace. It’s a guided learning experience, comprising of educational information (Articles, Videos, Images, Web-links), Communication (Messaging, Blogs, Discussion Forums) and some way to measure a reader’s credentials.
If you have a very good knowledge on any topic, You can share it with the students and those who want to learn that course. This is a course in which all course activities are made online, There are no face-to-face sessions are required. You can do it regularly or part time if you can, otherwise you can leave a video series on You-tube or your website also.
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For example, If you have knowledge about many cooking recipes, You can share them by making different video parts, So whether you work or not, You will continue to earn Income generously from those videos. And if you are web developer, You can make videos or soft copies for how to make a website or you can teach a programming language etc. After all, there are many ways with which you can share your knowledge and make money.
That’s how you can make money from online courses. You can also create a website for it.
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